Politicians are exempt

Because you didn't listen, and mocked those who could help until they no longer felt the desire to.

This
Good thing you didn’t support the racists!
Almost like they warned you
But at least you didn’t hurt peoples feelings

More taxes for you, not for me

Now go away you filthy peasant

Let me get some popcorn while this blows up in their face

I'm sure you helped a lot from your chair. surely your furious typing would have prevented having a bunch of retarded, greedy, shameless boomers in power.

boomers

You're the problem more than them. You are making the exact same mistake they made but with infinite more resources to educate yourself, you fucking pleb.

Boomer is a way of saying. Their generation doesn't matter.
Check your attitude. You think anyone will care about your bullshit by talking like that? You are like them. You talk a lot, say NOTHING AT ALL, assume you have the moral high ground and assume everyone is your enemy.

You talk a lot, say NOTHING AT ALL

You wrote all that and said nothing. In fact both your posts are 100% useless garbage that no one needed to read. Go sit down in a corner.

What wallet
I haven’t found one.
I’d for real convert everything I have into monero but I can’t find a cold wallet
And never learnt paper wallets

Check the general thread nigga

Also we should all agree on what to jump into and at what time in theory we could all get rich quick then bounce out.
I suggest bonk or something like that a very low cap that we could collectively push up 100-1000x

This is from the Onion, right? This is satire, yeah? This can't be real.

If the government don't know about it, and you don't pay taxes... then you won't be able to spend it. Might as well invest in monopoly money then.

But taxes on unrealized gains is fucked up beyond words

I think this would be almost impossible to implement. Would cause a country to implode.

t.bot

It makes zero fucking sense as you start to read and explain it. Unrealized capital gains means you have to sell the asset to pay the taxes, which means you now have to pay realized capital gains to pay the unrealized and realized gains. There is also no upper limit to the taxes, but you're only allowed to write off a certain amount if you're selling at a loss.

go back to r3ddit

lol, what a great way to know who to target, list is 10/10

it'll cause a cyclical stock market crash whenever the 'unrealized gains' go into effect, savvy investors will of course sell right before the moment occurs.

This is because it is a constitutional requirement to make certain individuals exempt from the tax, such as some former state office holders.

Blame the constitution

Youre aware you will might have 3mil in that account at that age too and will be taxed then

Read this cope multiples times now and people cant be that stupid can they

At this point I'm certain that Australia is the cuck capital of the world.

First you convince them to give up the right to violence (loicense for that spoon m8) and then you take the rest. Ez pz. Once upon a time people had weapons and police had whistles.

Inflation will make it that every single household will pay this tax once the peopl that now pass it are long gone.

Don't worry guys
I'm sure the money the govt gets from these new taxes will go towards a very good cause that will enrich your life!

Australias hyperinflation means the average wagie will be stung by this tax in only a number of years. That's what they're banking on. Younger kids now are too stupid to realise this.
Anyone who has over $3m in super will be looking at alternate options to reduce the impact, which includes offshoring their money.

They aren't here to make like harder for the rich, they're here to cast the tax net out into the masses.

No one will want to invest anymore except for the exempt.
Australians will truly cement themselves as cucks if they don't fight back

what about all the wage cucks who automatically push 5% into the market every paycheck, are they exempt? do they get fucked? does these fund managers trade around the law? or does the law say nothing about these details?

offshoring their money.

It literally doesn't matter. The gov can and will tax unrealized gains in offshore assets. I know because I was looking up how to move funds offshore to escape CGT but apparently the gov assesses you on worldwide assets, even if you move them into some company if you're the top owner of the company you're getting taxed as if it were your own personal assets. The only solution is to actually stop being an Australian taxpayer ie. move overseas and renounce citizenship.

mfw i voted for this

Here in the Netherlands they wanted to do the same thing. Our equivalent of the supreme court told them it was a violation of property rights under the European Convention on Human Rights. Good luck Anglos with your common law.

Vooted

Fell for it again award.

Wealth inequality is at it’s greatest since 19th century and low wealth inequality creates stable societies. Of course the rich should be taxed.

They exempted the rich, retard

Majority of rich people aren’t politicians, especially not the police lol. But we all know that is just a grifter article.

they really do still run that place like a penal colony

The rich will move out or find loop holes, poor people like you are such niggers and is a prime example why democracy doesn’t work

You know what super is yeh? Boomers love it, its their SMSF investment property tax loophole. If its closed why the fuck would I contribute 3 mil worth to my super?

stop being an Australian tax payer

what is exit tax

oi mate, got a loicense for that?

Every article I can find on this is some rich cunt nervously insisting that this will hurt me and not just him while refusing to provide details so I am assuming based solely on this that the tax is a good thing

Taxing unrealized gains suddenly means that paying the exit tax is the best option.

There's a reason they boil the frogs slowly. And boil them differently in other countries. So when people finally catch on its way too late. You're already have a rat in a cage being dangled in front of your face.

Part 1

Kick all the rich people out via excessive taxation

Only poor people are left

"Wtf? Why is everyone poor?"

Part 2:

"I'm tired of being poor, time to get rich"

mfw can't get rich without saving

try to save in cash

value of cash savings are inflated in smithereens

"ok, cash doesn't work as a savings vehicle. Let's try accumulate wealth in capital assets instead"

mfw can't save in capital assets because have to keep paying unrealized gains taxes by selling off my assets to pay the tax.

mfw can't save

mfw perma-poor

Do you understand now that I've written it in your language, brainlet?

Just to follow up on my previous reply to you. Your problem is not understanding that people who are "rich cunts" are generally smart enough to have either accumulated or maintained (if they inherited it) significant wealth. The fact you think the tax is a good thing shows that you're too dumb to ever make it big.

"Rich cunts" are not your enemy. Do you have a problem with other people being rich? If yes, you've still got an spoilt child's mentality where they're jealous of other kids having better toys than them. There is no issue with other people being rich. The problem is with you being poor, isn't it? Rich people aren't the enemy in that case. The enemy are the people making you poor. And the people making you poor are the same ones who happen to be implementing this unrealized gains tax.

Yes. It primarily assfucks small business owners who might appear wealthy on paper, while in reality their profit margins as razor thin

blows up in their face

you really think normies care? Especially the Australian normoid?

Politicians act on behalf of their masters aka large corporations aka Rich people. Every law is made by the rich for the rich with the aim of increasing their power and decreasing yours. Rich people are the enemy not the patzis that are in front of the media dancing to their tune.

Inb4 some bullshit about politicians being independent and totally legit

Yeah I wonder where all the :

Donations

Media coverage

Political gifts

Comfy post politician job

Access to lucrative speech circuit getting paid $100-500k for 30 mins of talking

All comes from and why almost every politician in the western world follows the same path (while all coming from the same schools and universities in X country). You're either fucking stupid or a 3rd world plant being paid to push the narrative (or combination of both) on here if you disagree. Either way you're wrong and no cunt should listen to you.